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Thursday, March 7

7th Mar - EU Open: ECB, BOE Today



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT


MORNING BRIEFINGS
3 Numbers to Watch: DE manufacturers' orders, ECB policy, US jobs – TradingFloor
Analysts expect higher factory orders for Germany in January, followed by an ECB decision that will keep its benchmark rate at 0.75 percent. The market is also looking for a slight rise in US weekly jobless claims.

Market Preview: S&P raises Portugal outlook; Policy meetings eyed – TradingFloor
European markets are likely to open mostly lower Thursday as investors keep a tab on the outcome of the Bank of England's and the ECB's monetary policy meeting later today. Meanwhile, S&P upgraded its outlook on Portugal's BB credit rating to stable.

Danske Daily – Danske Bank (pdf)
US economy continues to show signs of improvement. Asian equity markets are mixed to lower overnight following small gains in the US. BoJ keeps policy unchanged as leadership is about to change. All focus is on the ECB and BoE but the consensus expectation is for no change. Market movers today: BoE & ECB meetings

Aamukatsaus – Nordea (pdf)
Puolan, Kanadan ja Japanin keskuspankeilta korkopäätökset—suma jatkuu tänään. Yksityisen sektorin työllisyys piristyi USA:ssa. Euroalueen epävarmuudet, USA:n työllisyysdata painoivat EURUSD:n alle tason 1.30

Aamukatsaus – Tapiola (pdf)

Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat


EUROPE
UK Politics and the BOE – Marc to Market
If the BOE does nothing, sterling may bounce a little, but it will simply increase the likelihood that it moves in April, so it will sold into.

Draghi Confronts Italy Impact as ECB Seen Keeping Rates on Hold – BB

The Smoking Gun Of Spain's Unsustainability – ZH
Michael Cembalest, JPMorgan CIO: The Spanish Prisoner: why the adjustment in Spain looks like it will eventually fail

UNITED STATES
February Employment Report Preview – A Dash of Insight

Top-Down & Bottom-Up In 7 Sad Slides – ZH
Charts from UBS

ASIA
(audio) World Weekly with Gideon Rachman – The World / FT
Japan’s Abenomics and the world economy: Japan is still the world’s third-largest economy, but has also been stagnating and idling for twenty years. Now a new government led by Shinzo Abe has come to power pledging to take dramatic steps to turn the situation around. The potential rewards of this policy are high, but so are the risks – and not just for Japan but the whole world economy.